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  • #17,041
  • Jun 24, 2023 2:12pm Jun 24, 2023 2:12pm
Even though I started trading before you were born, I defer to your wisdom, Matt.

I mean who wouldn't pick these firms over FTMO and MFF.
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Pride always comes before destruction.... -Proverbs 16:18
  • #17,042
  • Jun 24, 2023 2:39pm Jun 24, 2023 2:39pm
Safe to say that there may be some affiliation here? Maybe data sharing with these firms?

Matt mentioned in his call that he has helped several prop firms get up and running. Seems like a lot of hand stuff going on here, at the very least.
  • #17,043
  • Jun 24, 2023 3:10pm Jun 24, 2023 3:10pm
Quoting Takisd
1 percent daily and in 5 years you own fiji
Yes, there lies the power of trading for low budget starters I think. After some time you can reduce the 1% rule or trade less.

Quoting BlackOpz
{quote} $1000 can BUY 4X 50K challenges. GREAT Use Of Cash. Plus show me where you make 1% per day for 3 solid months (couple years LOL!?)
Until now I was interested in fast money, therefore I can’t show it. But I see definetely possibilites. Main problem is still overleraging especially until you have some five figures. And varying the lot sizes is also very important ( which I don’t do at the moment), for better setups higher lot size. And you can aim for 5 % per week or skip some days.

If the aim is to have a large amount of money in 5 years then you have enough days to recover from bad days as long as your losses are not large. Goal could be to keep the loss from one trade at 1%. Or if you can make 5 % win more often than you can accept 4% loss.

I am thinking about this 5years plan . Especially the indexes could help in this goal.
  • #17,044
  • Jun 24, 2023 3:18pm Jun 24, 2023 3:18pm
Quoting BlackOpz
{quote} The 5ers has 10-day unlimited but as long as the accounts expire I just cant see the issue since people quit trading and abandon accounts all the time. Brokers offering unlimited time Demo accounts hasn't been an issue since they also expire after 30-days of inactivity. If FREE unlimited time accounts arent overloading broker servers I have a VERY hard time thinking that PAID unlimited accounts are going to be a problem (I've had Demo accounts with Oanda/Alpari for YEARS). When there will only be a fraction of the numbers compared to FREE...
id bet money no broker has anywhere near the number of ACTIVE demo accounts as ftmo or MFF. Like not even remotely close to similar numbers.
  • #17,045
  • Jun 24, 2023 3:19pm Jun 24, 2023 3:19pm
Quoting Eren10
{quote} Yes, there lies the power of trading for low budget starters I think. After some time you can reduce the 1% rule or trade less. {quote} Until now I was interested in fast money, therefore I can’t show it. But I see definetely possibilites. Main problem is still overleraging especially until you have some five figures. And varying the lot sizes is also very important ( which I don’t do at the moment), for better setups higher lot size. And you can aim for 5 % per week or skip some days. If the aim is to have a large amount of money in 5 years...
if you are focusing on a daily return, you likely won’t achieve that return. Consistency doesn’t come on a daily basis. Everyone has down turns
  • #17,046
  • Jun 24, 2023 3:19pm Jun 24, 2023 3:19pm
Quoting Nsak3y
Safe to say that there may be some affiliation here? Maybe data sharing with these firms? Matt mentioned in his call that he has helped several prop firms get up and running. Seems like a lot of hand stuff going on here, at the very least.
they share opinions when Matt needs them to back him up.
  • #17,047
  • Jun 24, 2023 3:22pm Jun 24, 2023 3:22pm
Quoting Nsak3y
Safe to say that there may be some affiliation here? Maybe data sharing with these firms? Matt mentioned in his call that he has helped several prop firms get up and running. Seems like a lot of hand stuff going on here, at the very least.
I noticed the FundedEngineer has the exact same one-step model as Myfunded.

I might actually try them just because they are in Dubai. Sounds exotic.
Pride always comes before destruction.... -Proverbs 16:18
  • #17,048
  • Jun 24, 2023 3:23pm Jun 24, 2023 3:23pm
Quoting Takisd
{quote} id bet money no broker has anywhere near the number of ACTIVE demo accounts as ftmo or MFF. Like not even remotely close to similar numbers.
Easily Alpari UK. Every serious robot trader/dev uses their data because its pretty flawless and goes back years even at the tick level for testing. I've been using Alpari accounts 24/7 for over 10+ year to test/build robots. Alpari easily has more active demo accounts and accounts that have been on active demo since before FTMO existed.
  • #17,049
  • Jun 24, 2023 4:04pm Jun 24, 2023 4:04pm
anyone who tries bespokefunding? they have no time limit propfirm.
  • #17,050
  • Jun 24, 2023 4:08pm Jun 24, 2023 4:08pm
Quoting Takisd
{quote} if you are focusing on a daily return, you likely won’t achieve that return. Consistency doesn’t come on a daily basis. Everyone has down turns
That’s absolutely true. Especially with low money one forces itself to get results. But on the positive side is that there comes good opportunities too, especially with indices. And learning to vary the lot size could help to overcome less good days.

Giving yourself a large timeperiod of 5 year could give you the relaxed thinking that one needs.
  • #17,051
  • Jun 24, 2023 5:50pm Jun 24, 2023 5:50pm
Quoting BlackOpz
{quote} Easily Alpari UK. Every serious robot trader/dev uses their data because its pretty flawless and goes back years even at the tick level for testing. I've been using Alpari accounts 24/7 for over 10+ year to test/build robots. Alpari easily has more active demo accounts and accounts that have been on active demo since before FTMO existed.
no man. The only ones who will come close are exness and icmarkets. No one else. I don’t think you are comprehending how much bigger props are. Ftmo gets a years worth of Alpari traffic in like half a month
  • #17,052
  • Jun 24, 2023 5:51pm Jun 24, 2023 5:51pm
Quoting Expo33
{quote} I noticed the FundedEngineer has the exact same one-step model as Myfunded. I might actually try them just because they are in Dubai. Sounds exotic.
rumor has it that no taxes increase survivability of prop firms
  • #17,053
  • Jun 24, 2023 6:26pm Jun 24, 2023 6:26pm
Quoting Takisd
Ftmo gets a years worth of Alpari traffic in like half a month
-But surely we cannot go by web traffic stats, or are you measuring something else? I cannot imagine that these firms are seeing more traders than the top brokers. That would be incredible.
  • #17,054
  • Edited 7:18pm Jun 24, 2023 6:43pm | Edited 7:18pm
Quoting Eren10
{quote} Yes, there lies the power of trading for low budget starters I think. After some time you can reduce the 1% rule or trade less. {quote} Until now I was interested in fast money, therefore I can’t show it. But I see definetely possibilites. Main problem is still overleraging especially until you have some five figures. And varying the lot sizes is also very important ( which I don’t do at the moment), for better setups higher lot size. And you can aim for 5 % per week or skip some days. If the aim is to have a large amount of money in 5 years...
If you aim big in a funded account, losses are bound to come.

I would aim max 0.5 to 0.7 % in a funded account per account ( For 2 x 100 k accounts )

One can have 3 to 5 nos 100k account. ( In this case, I would aim max 0.3 to 0.5 % per account in a day )

Risk, in a day is very important. It should not go over 2 % in a day.
Intraday only.
  • #17,055
  • Jun 25, 2023 12:10am Jun 25, 2023 12:10am
Just purchased a challenge from the Funded Engineer. Everyone loves a Guinea Pig.

I'll give a report of my experience in the future.
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Pride always comes before destruction.... -Proverbs 16:18
  • #17,056
  • Jun 25, 2023 1:19am Jun 25, 2023 1:19am
Quoting Expo33
Just purchased a challenge from the Funded Engineer. Everyone loves a Guinea Pig. I'll give a report of my experience in the future. {image}
I've had one acc there for a month now and made 5%, which is halfway through phase 1. So far no price freezes, no slips, and random shenanigans.
  • #17,057
  • Jun 25, 2023 3:42am Jun 25, 2023 3:42am
Quoting Nsak3y
{quote}-But surely we cannot go by web traffic stats, or are you measuring something else? I cannot imagine that these firms are seeing more traders than the top brokers. That would be incredible.
MFF and FTMO likely have more people in their demos than icmarkets has customers. Their live servers are pretty much the size of icmarkets. So yes I am saying they are bigger than almost all brokers. The only two brokers I can see who can be bigger are exness and icmarkets. Eightcap for example would probably have their servers crash if either of those two are on their server cluster.

in terms of revenue both ftmo and MFF make similar revenues to icmarkets but with a lower average per user

with icmarkets being somewhere over 1500 and ftmo and MFF being 200-250

the reason why I respect ftmo and MFF so much is because they can handle their size. The others are limited by vendors and mt4 servers aren’t available for purchase anymore so there is a cap on what any competitor can do. And despite their blow horns of “we gonna be number 1” it might be possible but it will be short lived. If TFT for example was size of MFF I can imagine the tech issues they will have because so many firms are using eight cap.
.
  • #17,058
  • Jun 25, 2023 5:06am Jun 25, 2023 5:06am
Quoting Expo33
Even though I started trading before you were born, I defer to your wisdom, Matt. I mean who wouldn't pick these firms over FTMO and MFF. {image}
Strange to see engineer there. In one of the prop groups that is label as a clear scam (although that can mean that they don't pay affiliation, we never know)
  • #17,059
  • Jun 25, 2023 5:11am Jun 25, 2023 5:11am
Quoting KoyaAndy18
anyone who tries bespokefunding? they have no time limit propfirm.
They have unclear rules (martingale and grid). You won't find a definition for that in their site (this is probably intentional).

As far as I read in telegram group 2 positions is fine but if you enter 3 positions you need to make sure that doesn't fall into grid definition.

For martingale they have the soft version. So if you buy 1 lot at 100, then 1.1 lot at 99 and then 1.1 lot at 98 this is soft martingale.

Vitore here was denied a payout from them based on grid (I can't find the post but it's somewhere in the topic).

I think BeSpoke is very shady.
  • #17,060
  • Jun 25, 2023 5:12am Jun 25, 2023 5:12am
Quoting Expo33
Just purchased a challenge from the Funded Engineer. Everyone loves a Guinea Pig. I'll give a report of my experience in the future. {image}
Ouch!! Good luck.
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